Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" to maximize returns in a shorter time frame [1] Group 1: KORE Stock Performance - KORE's stock has experienced a significant four-week price change of 52.5%, indicating strong investor interest [2] - The stock has a high beta of 2.34, suggesting it moves 134% more than the market in either direction, reflecting its fast-paced momentum [3] - KORE has gained 11.9% over the past 12 weeks, demonstrating its ability to maintain positive returns over a longer time frame [8] Group 2: Earnings and Valuation - KORE has a favorable Momentum Score and has seen upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy) [4] - The stock is currently trading at a Price-to-Sales ratio of 0.15, indicating it is attractively priced at 15 cents for each dollar of sales [14] Group 3: Investment Strategy - The Zacks Momentum Style Score helps identify strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen assists in finding fast-moving stocks that are still reasonably priced [7] - KORE is highlighted as a strong candidate for investment due to its combination of fast-paced momentum and reasonable valuation [15]

ATLANTA, Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802. ...

Shares of KORE Group Holdings, Inc. (KORE) have been struggling lately and have lost 14.4% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts abo ...

KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $1 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $1.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.50%. A quarter ago, it was expected that this company would post a loss of $0.68 per share when it actually produced a loss of $0.99, delivering a surprise of -45.59%.Over the last four quarters, the company has ...

KORE Group Holdings, Inc. (NYSE:KORE) Q3 2024 Earnings Conference Call November 19, 2024 5:00 PM ET Company Participants Vik Vijayvergiya - Director of Investor Relations Ron Totton - President and Chief Executive Officer Paul Holtz - Chief Financial Officer Conference Call Participants Lance Vitanza - TD Cowen Mary Lenox - Morgan Stanley Operator Greetings and welcome to the KORE Group Holdings, Inc. Third Quarter 2024 Earnings Conference Call and Webcast. At this time, all participants are in listen-only ...

KORE 1 T h i r d Q u a r t e r 2 0 2 4 E a r n i n g s P r e s e n t a t i o n November 19, 2024 KORE Di scl aime rs Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. KORE's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looki ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40856 _____________________________ KORE Group Holdings, Inc. (Exact name of registrant as specifi ...

Financial Performance - Third quarter 2024 revenue was $68.9 million, a 0.4% increase from $68.6 million in the same period last year[3] - Net loss for Q3 2024 was $19.4 million, an 80% decrease from a net loss of $95.4 million in the same period last year[4] - Adjusted EBITDA for Q3 2024 was $13.0 million, an 8% decrease from $14.2 million in the same period last year[4] - KORE Group Holdings reported a net loss of $19.4 million for Q3 2024, compared to a net loss of $95.4 million in Q3 2023[34] - Adjusted EBITDA for Q3 2024 was $12.99 million, down from $14.16 million in Q3 2023, reflecting a decrease of approximately 8.5%[34] - The company generated $7.07 million in net cash from operating activities for the nine months ended September 30, 2024, compared to $4.49 million in the same period of 2023[36] - Free cash flow for the nine months ended September 30, 2024, was negative $5.11 million, an improvement from negative $11.1 million in the prior year[36] Revenue Breakdown - IoT Connectivity revenue increased by 3% to $56.7 million, while IoT Solutions revenue decreased by 9% to $12.2 million due to winding down lower margin hardware business[3] - Average Revenue Per User (ARPU) was approximately $1.01 per month, up from $0.98 in the same period last year[9] - The company maintained a DBNER of 95% for Q3 2024, slightly down from 96% in the same period last year[9] - Closed-won Total Contract Value (TCV) for Q3 2024 was $32 million, a 19% increase from $27 million in the same period last year[5] Future Outlook - For the 12 months ending December 31, 2024, the company expects revenue in the range of $280 million to $285 million and Adjusted EBITDA in the range of $54 million to $55 million[12] - KORE anticipates future revenue growth and profitability from its restructuring plan, with guidance for 2024 yet to be fully detailed[31] Operational Changes - Integration-related restructuring costs amounted to $5.57 million in Q3 2024, compared to $3.01 million in Q3 2023, indicating increased expenses related to acquisitions[34] - The company is actively pursuing the integration of Twilio's IoT business, which is expected to enhance operational performance and efficiency[31] Interest and Expenses - The company reported a significant increase in interest expense, totaling $13.06 million in Q3 2024, compared to $10.62 million in Q3 2023[34] Strategic Focus - KORE's total contract value (TCV) of signed contracts and potential revenue opportunities is a key focus for future growth, although specific figures were not disclosed[31] - KORE's management emphasizes the importance of navigating risks related to competition and market conditions as part of their strategic outlook[31]

Restructuring plan completed Growth in Connectivity and Connections On track to meet 2024 guidanceATLANTA, Nov. 19, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and nine months ended September 30, 2024.Q3 Highlights Third quarter 2024 revenue was $68.9 million, a 0.4% increase from $ ...

Company to restate Second Quarter 2024 Financial StatementsNo impact to Revenues, Cash Flows or Adjusted EBITDA expected for the period affectedATLANTA, Nov. 12, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's ...